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City officials still trimming last year's deficit

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Civic officials continue to trim the outstanding deficit for 2013.

An administrative report to Friday’s finance committee says the operational deficit for 2013, as of the end of November, stands at $2.4 million — down from the $3.7 million the month before.

The city traditionally runs a minor surplus every year but there were concerns that wouldn't happen in 2013.

The administrative report states the deficit situation is largely the result of the snow-clearing program being $12.4 million over-budget.

 

aldo.santin@freepress.mb.ca

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